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01/11/2022 | Announcement
Ironwood Capital Announces Subordinated Debt and Equity Investments in Page Publishing Consortium

AVON, CONNECTICUT, January 11, 2022 – Ironwood Capital is pleased to announce subordinated debt and minority equity investments in Page Publishing Consortium (“Page”), located in Conneaut Lake, Pennsylvania. Page is a leader in the self-publishing services space.

Ironwood provided subordinated debt and equity investments in support of Serata Capital Partners’ (“Serata”) acquisition of Page. Wintrust Bank is the senior lender.

Established in 2013, Page is comprised of over 10 different operating brands that assist authors in transforming manuscripts into fully produced print, digital, and audio books available on major platforms such as Amazon, Apple, and Barnes & Noble. Through personal experience the Company’s founder, Steve Canino, recognized a major market gap in transparent, full-service solutions for authors and addressed it by launching Page. The company has been gaining market share rapidly and now serves over 10,000 authors annually.

Ironwood Capital Partner Alex Levental stated, “Page is backed by a strong management team, and Serata has assembled a team of industry experts to help guide the company. We see a clear path for organic growth through enhanced sales and marketing techniques, introduction of new imprints, broadening its audio book services, and via acquisition.”

Page is actively seeking add-on opportunities in the $1-10MM EBITDA range across the self-publishing services market, as well as adjacent verticals.

About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Its debt-oriented, national platform has invested more than $900 million in over 95 companies since 2001. Ironwood currently invests in the form of subordinated debt and minority equity in amounts ranging from $8 million to $25 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visit https://ironwoodcap.com/.

About Page Publishing Consortium
Page Publishing Consortium is a group of more than ten brands that provide solutions to transform authors’ books from a simple manuscript to a fully-produced and published e-book, print, and audiobook set of works available across all major platforms such as Amazon, Apple, and Barnes & Noble. Page concentrates its business on providing excellent turnkey service to over 10,000 authors per year, rather than relying on the success of a few titles as with more traditional publishing houses. For more information, please visit https://www.pagepublishing.com/.

Carolyn C. Galiette
President and
Chief Investment Officer
(860) 409-2105

Kathy Butler
Marketing and
Communications Director
(860) 409-2117